𝗦𝘆𝗿𝘂𝗽𝗨𝗦𝗗𝗧 𝗼𝗻 𝗣𝗹𝗮𝘀𝗺𝗮.
A few months ago, Maple Finance launched its first pre-deposit syrupUSDT vault ahead of the Plasma mainnet, and it filled within minutes.
Since mainnet launch up until now, the vaults have realized ~ 12% annualized yield, which comes from🔻
- SyrupUSDT native yield
- Looping yield
- XPL rewards
The Plasma syrupUSDT vault is now open for deposits, and its capacity has been raised to $300M.
Moving forward, the vault is expected to have a net APY of ~16% from these three layers of yield over the next 30 days.
The syrupUSDT Plasma vault continues to stand out and perform well because of its strategies and risk management by🔻
- Aave x Fluid: Provide the lending and borrowing infrastructure for the Plasma syrupUSDT vault.
- Maple Finance: Backs the asset with its overcollateralized lending structure.
- Edge Capital: Manages the vault’s strategy and risk using its refined conservative framework with a zero-loss track record.
- Midas: Ensures seamless operation of the vault which is fully segregated and verifiable onchain. They do not control or manage the vault assets.
Aside from the strong strategy and risk management.
The Plasma syrupUSDT vault also offers additional benefits to users by waiving 50% of fees from Edge Capital & Midas and 100% of fees from Maple.
An additional $500k in $XPL will be distributed to users over the next 30 days, compounding the APY to approximately 16%.
For more details, check below 🔻
https://maple.finance/insights/plasma-syrupusdt-vault-performance
#maplefinance #Syrup #syrupusdt $SYRUP $XPL
